Powell Says He Will Stay On as Fed Governor After Term as Chair Ends
Jay Powell vows to remain on Fed board as he warns over Trump’s attacks (ft); Four key takeaways from Jerome Powell's last rate decision as Fed chair (bbc)
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2 bills on this issue are moving right now — and the most active one is Affirming the independence of the Federal Reserve System, its Chairman, and the Board of Governors..
HRES677 · 119th Congress
Affirming the independence of the Federal Reserve System, its Chairman, and the Board of Governors.
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What HRES677 actually does
This story is about Jay Powell vowing to remain on the Fed board while warning about attacks from Trump and others. This bill would put the House on record supporting Federal Reserve independence and urge the executive branch to avoid politicizing rate-setting.
If passed, it would:
- House would formally express support for Fed independence • Urges executive branch to avoid politicizing rate decisions.
1 other bill moving on this issue
Take action on any of them individually.
This story is about Jay Powell pledging to stay on the Board and warning about political attacks tied to Trump. The bill would bar Fed Board members from holding other President-appointed positions to reduce conflicts of interest and strengthen institutional independence.
If passed, it would
- Prohibits Board members from holding other presidentially appointed roles • Aims to reduce conflicts of interest in monetary policy decisions.
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